Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: & g- H0 N- g7 a' E* M0 [7 q ) G& [9 s1 F1 n& y * 6% of Canadian households bought a home in 20092 I5 P; ^4 c+ \( _% x- j
* 43% were first-time buyers (up from 36% in 2008) - X4 F+ k* `5 b4 p* q * 35% of buyers were age 18-34) H1 Z: X) q b% l, s2 [) @
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home6 t$ F" Y) I, u5 R* c7 c3 c
* 59% bought a larger home; 24% downsized1 \- w9 ~9 k, L/ w; U5 N3 @
* 74% bought an existing home; 22% bought new construction3 ~) s p3 Z$ O& d
* 55% purchased a single-detached home; 18% bought an apartment condo ! N d; ]3 q! V- d# k * 5% of households intend to buy in 2010; 53% of those are renters # e- D' E5 X) Z, `9 `% a9 g$ ]7 G * 42% of those intending to purchase plan to make a down payment of 20% or more.3 ~* w+ h( F6 y( R
* N2 i1 z# g8 h9 f1 I1 K/ D5 JThe report surveyed 5-10 metropolitan areas across the country.